By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO (Reuters) - Good news came in a bundle this week for workers furloughed last year from the Walt Disney (NYSE:DIS) Co.'s California theme park. The company said it would bring back a first tranche of 10,000 employees as it readies to reopen Disneyland...
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(Reuters) - 1/ TIME TO PUSH BACK? After a stunning selloff in U.S. Treasuries took benchmark 10-year yields above 1.6%, the highest in a year, the March 16-17 Federal Reserve meeting will be watched closely for hints policymakers are concerned about yields, asset bubbles and inflation. A repricing of market interest rate expectations to anticipate a Fed hike as early as...
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(Bloomberg) -- Ant Group Co. Chief Executive Officer Simon Hu resigned from the company, according to a person with knowledge of the matter, as the company overhauls its business. Hu resigned for personal reasons, said the person, who asked not to be identified because the information isn’t public. Eric Jing, already Ant’s chairman, will become CEO as well effective immediately, the person said....
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By Francesco Guarascio BRUSSELS (Reuters) - AstraZeneca (NASDAQ:AZN) has again angered the EU by scaling back deliveries of COVID-19 vaccines, but got a boost on Friday when the World Health Organisation dismissed fears that have prompted countries in Europe and Asia to suspend use of the shot. The European Union has been much slower to start mass vaccination than neighbouring Britain because...
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By Geoffrey Smith Investing.com -- President Joe Biden’s address pushes bond yields higher, China’s tech giants sell off after a warning shot from Beijing, and AstraZeneca (NASDAQ:AZN)’s vaccine runs into more problems. Here’s what you need to know in financial markets on Friday, March 12th. 1. Biden signs stimulus package, targets July 4 ‘Independence Day’ from virus U.S. President Joe Biden signed the $1.9...
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LONDON (Reuters) - The popularity of Prince Harry and his wife Meghan has tumbled in Britain and has never been lower following their explosive interview with U.S. chat show host Oprah Winfrey, according to a poll on Friday. During the interview aired last Sunday, Meghan said her pleas for help while she felt suicidal were ignored and that one unnamed member of...
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By Dhirendra Tripathi Investing.com – The yield on the United States 10-Year note hit a high of 1.61% Friday, as President Joe Biden's pressure on states to accelerate vaccination campaigns and his signing of the $1.9 stimulus package emboldened bets on strong U.S. growth this year. The yield on the 10-year note is now close to this year’s high of 1.63%, struck a...
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By Diane Bartz and Helen Coster WASHINGTON (Reuters) - Lobbyists for Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL) threw their weight against new U.S. legislation that seeks to aid struggling news publishers by allowing them to negotiate collectively against the tech companies over revenue sharing and other deals. U.S. lawmakers introduced the plan in Congress...
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By Geoffrey Smith Investing.com -- AstraZeneca’s latest spat with the European Union over its Covid-19 vaccine spells trouble for both parties. Relations between the two have taken a serious turn for the worse this week as Denmark and Austria have both suspended distribution over concerns about possible links to blood clotting problems that have caused at least one death. The Danish and Austrian...
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By Samuel Indyk Investing.com – Pershing Square (NYSE:SQ) Capital Management’s Bill Ackman and Stanley Druckenmiller of the Dequesne Family Office were both investors in Coupang LLC (NYSE:CPNG) ahead of the company’s IPO. Coupang, which is often referred to as the South Korean Amazon (NASDAQ:AMZN), saw its shares go on a wild ride yesterday in its first day of trading. After initially...
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